February another strong month for ETPs – BlackRock

BlackRock’s latest monthly assessment of the exchange traded product (ETP) market has found that strong inflows continued through February, making it the strongest start to the year on record for certain ETP sectors.

The ETP Landscape Monthly Snapshot report said global flows motderated in February following the rally in January. However there were still solid gains in flows  – up $13bn -across areas such as developed market ETPs, including real estate on the back of improving economic indicators in the US housing market.

Inflows continued also in short term fixed interest ETPs, although longer term fixed interest products saw some outflows through the month of some $-1.3bn.

Gold ETP outflows hit $-5.6bn, taking the total year-to-date to $-6.8bn.

Dodd Kittsley, global head of ETP Research at BlackRock, said: “While ETP flows moderated in February, continued demand for equity ETPs pushed YTD flows to $47.1bn, the strongest January-February total on record. Investors also exhibited patterns of duration rotation, moving towards the short end of the yield curve, where inflows totaled $4.0bn for the month.”

To read the full report click here: [asset_library_tag 6398,ETP Landscape Monthly Snapshot]


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